Laurentian Bank of Canada (LB) PT Lowered to C$55.00

Laurentian Bank of Canada (TSE:LB) had its price objective dropped by research analysts at Royal Bank Of Canada from C$60.00 to C$55.00 in a report issued on Wednesday, StockTargetPrices.com reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential downside of 1.79% from the company’s previous close.

LB has been the subject of several other research reports. Desjardins dropped their target price on shares of Laurentian Bank of Canada from C$60.00 to C$59.00 in a research report on Wednesday. BMO Capital Markets raised shares of Laurentian Bank of Canada from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$57.00 to C$62.00 in a research report on Wednesday. Scotiabank reissued a “sector perform” rating and issued a C$60.00 target price on shares of Laurentian Bank of Canada in a research report on Monday, August 21st. National Bank Financial boosted their target price on shares of Laurentian Bank of Canada from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Finally, Canaccord Genuity downgraded shares of Laurentian Bank of Canada from a “buy” rating to a “speculative buy” rating and lowered their price objective for the company from C$67.00 to C$61.00 in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Laurentian Bank of Canada has a consensus rating of “Hold” and an average target price of C$60.90.

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Laurentian Bank of Canada (LB) traded down C$4.80 on Wednesday, hitting C$56.00. 907,479 shares of the stock traded hands, compared to its average volume of 128,039. Laurentian Bank of Canada has a one year low of C$51.57 and a one year high of C$62.90.

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Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.